$1,499,000 Active
5990 Grass Valley Road
Reno, NV 89510
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
3.5 Baths
·
3,446 Sq Ft

About This Property

Truly one of a kind, this 3,446 sq. ft. custom home on 40 acres offers incredible privacy, expansive views, a 3,200 sq. ft. DREAM RV garage and workshop AND seperate guest house! Designed to take full advantage of its setting, the home features beautiful views from nearly every window and inviting indoor and outdoor spaces. Inside, solid oak flooring runs throughout the home. The spacious kitchen is designed for gathering, with a large center island, generous pantry and storage, new electric glass cooktop and a charming bay-window dining area overlooking the surrounding landscape. The adjoining great room features a gas fireplace and custom bar, creating a warm and comfortable space for entertaining. An oversized formal dining room, spacious office and separate guest bedrood add flexibility to the floor plan. The primary suite is a retreat of its own, offering direct access to the front porch, an exceptionally large walk-in closet and two separate primary bathrooms. The detached guest house features a private courtyard, oak floors, a kitchenette and en suite bath providing additional space for visitors, extended family or a private getaway. One of the property's most impressive features is the 3,200 sq. ft. finished RV garage and workshop. With abundant space for RVs, vehicles, equipment and projects, the shop is equipped with laundry, a full bathroom, separate septic system and propane heat. The 40-acre property is thoughtfully equipped for country living with an electric entry gate, enclosed garden with drip irrigation, tool shed and Generac 18kW backup generator. Additional upgrades include two Lennox furnace/AC systems installed in 2023, water softener installed in 2024, 75-gallon water heater installed in 2025 and an 80-gallon reserve water tank in the utility room. With its custom home, separate guest quarters, extraordinary RV garage/workshop, wide-open acreage and breathtaking views, this is a rare property offering space, versatility and a lifestyle that is difficult to duplicate.

Listed by Tess Best — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260011070
Price/Sq Ft $435

Property History

Aug 27, 2026
Listed for sale
$1,499,000
Property Overview
Beds 2
Baths 3.5
Sq. Ft. 3,446
Lot Size 40.00 acres
Stories 1
Year Built 2003
Property Type Single Family Residence
STR Jurisdiction Washoe County
APN 077-370-09
Parking
Garage Spaces 10
Total Parking 10
Parking Features Additional Parking, Attached, Detached, Garage, Garage Door Opener, Parking Pad, RV Access/Parking, RV Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Multiple Entry Flat or Ramped, Rain Gutters, RV Hookup
Lot Features Adjoins BLM/BIA Land, Sloped Up
View Desert, Mountain(s), Valley
Construction Stucco
Roof Composition
Foundation Insulated Foundation, Crawl Space
Utilities & Systems
Heating Forced Air, Propane
Cooling Central Air
Financial
Annual Tax $6,892
Schools
Elementary School Taylor
Middle School Shaw Middle School
High School Spanish Springs
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($299,800)
Home price
$1,499,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message